Such schemes include 75th Anniversary Grant, All Iowa Opportunity Foster Care Grant, August & Edna Zahatko Scholarship, and Bill & Hilda Macomber Alta Kahl Scholarship. Notably, 65% of the students at Purdue University-Main Campus get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $55,763,466. The total percentage of candidates applying to Purdue University-Main Campus who receive the Federal Grant is 16%. Meanwhile, 44% of the applicants receive the Student Grant and 43% are awarded the Institution Grant, while 16% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,862, the State Grant receivers and Institution Grant beneficiaries get $6,923 and $6,773, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,612. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 34% of the applicants to Purdue University-Main Campus opt for student loans.